Miami delegates outline opportunities for 2014

Delegates at the most recent Opaleque Miami Roundtable had much to say on how Miami is growing and changing as a destination for hedge funds. They also took the opportunity to highlight where they are finding opportunities in a city that serves as a nexus point for the Americas.

"So right now state run banks in India seem to be pretty interesting. They are nowhere near as
levered as U.S. banks. I think you we are probably closer to the peak of the NPA cycle as opposed
to the beginning. Despite a cyclical high in NPAs, some of these public sector banks are still
profitable. At the end of the day all the provisioning that has been done is being done from
operating income," explains Pratik Sharma, Managing Director, Atyant Capital. Atyant focuses on opportunities in India, and also maintains a presence on the ground there. He notes that Indian banks are currently trading at 0.3 times book value which makes them an enticing prospect.